Borrow Money to Buy a Christian Brothers Automotive Franchise
Borrowing money to buy a Christian Brothers Automotive franchise? Texas First Bank Santa Fe has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Grand Prairie, Texas needed money to invest in a Christian Brothers Automotive franchise back in 2006. Texas First Bank Santa Fe issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
CHRISTIAN BROTHERS AUTOMOTIVE
GRAND PRAIRIE, TX 75050
SBA Loan Lender
TEXAS FIRST BANK SANTA FE
12402 HWY 6
SANTA FE, TX 77510
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
811111 - General Automotive Repair
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $240,000 loan amount, the SBA guaranteed $180,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company
had only one employee. The loan application indicated that the funding would help generate 4 new jobs.
Getting an SBA Loan For Your Business
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Christian Brothers Automotive
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